San Diego County gasoline price drops sharply again - San Diego, California News Station - KFMB Channel 8 - cbs8.com

San Diego County gasoline price drops sharply again

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SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County fell 4.9 cents Friday to $4.266, the largest drop in 18 consecutive days of declines.

The average price has dropped 45.9 cents over the past 18 days, including 4.7 cents on Thursday, after rising 54.7 cents over the previous six days to a record high of $4.725, according to figures from the AAA and Oil Price Information Service.

The average price is 25.9 cents less than one week ago, but 14.9 cents more than one month ago and 41.7 cents higher than one year ago.

"It's encouraging to see such significant price drops," said Jeffrey Spring of the Automobile Club of Southern California. "The decreases are a reflection of the fact that California's temporary supply issue has been corrected and also an adjustment in demand expectations on the part of wholesale and futures traders."

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